Persistence Market Research presents an all-encompassing and one of its kind study of the global medical fiber optics market titled ‘Medical Fiber Optics Market: Global Industry Analysis and Forecast, 2016-2024’ This study demonstrates the market dynamics and trends globally across the five key regions of North America, Latin America, Europe, APAC and MEA which influence the current nature and future status of the global medical fiber optics market over the forecast period. In this report, Persistence Market Research gives an overall view of the global medical fiber optics market and also throws light on the market sentiment and overall segments of this market. The period of assessment of this report is for eight years and this report enlightens clients on the crucial aspects of the global medical fiber optics market in the coming years. An in-depth study of the market was done by the highly qualified team of analysts of Persistence Market Research and information was collated on the drivers and trends that will influence the market in future. The report gives a detailed description of the effect these drivers and restraints will have on the global medical fiber optics market and this gives a crystal clear picture regarding how the market will shape up in the future.

Report description

This research report provides detailed analysis of the global medical fiber optics market and offers insights on the various factors driving popularity of these products. The market study provides a comprehensive assessment of key stakeholder strategies and imperatives for succeeding in the business. The report segregates the market based on medical fiber optics applications across different regions globally. The report starts with an overview of the global medical fiber optics market. In addition, this section includes analysis of value chain, regulations and standards, key drivers, and challenges which are influencing the medical fiber optics market globally.

Key segments covered

By Fiber type

Pure Silica Fiber

UV-Silica

Near Infrared (NIR) Silica

Metal-Coated Silica

Plastic Clad Silica

Polycrystalline Fiber

Polymer Optical

By Application

Image Transmission

Illumination

Laser Signal Delivery

Fiber Optic Confocal Scanning

Laser Soldering

By Usage

Reusable

Disposable

By End User

Hospitals

Specialty Clinics

Ambulatory Surgical Centers

Diagnostic Laboratories

Contract Research Organization

By Region

North America

Latin America

Europe

APAC

MEA

A detailed analysis has been provided for every segment in terms of market size analysis for the global medical fiber optics market across different regions. The next section provides a detailed analysis of the global medical fiber optics market across various countries in the region. It provides a market outlook for 2016–2024 of the global medical fiber optics market covering absolute dollar opportunity, BPS Analysis, and market attractiveness analysis. The final section of the report includes a competitive landscape to provide clients with a dashboard view. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key players in the global medical fiber optics market. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on an in-depth assessment of capabilities and success in the marketplace. Detailed profiles of providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the global medical fiber optics market.

Research methodology

The global medical fiber optics market is consolidated in nature, implying this market is governed by top players and hence, by considering the market share contribution of top players, Persistence Market Research has calculated the global numbers for this market. The forecast presented here assesses the total revenue by value across the global medical fiber optics market. In order to offer an accurate forecast, the report begins by sizing the current market, which forms the basis of how the global medical fiber optics market will develop in the future.

Key metrics covered

Given the ever-fluctuating nature of the global economy, Persistence Market Research not only conducts forecasts in terms of CAGR, but also analyzes the market on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities across the global medical fiber optics market. The different market segments are analyzed in terms of basis point share to understand individual segments’ relative contribution to market growth. Also, another key feature of this report is the analysis of all market segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global medical fiber optics market.

The popularity of minimally invasive surgeries is boosting the growth of the global medical fiber optics market

MIS is a surgical procedure performed through tiny incisions – instead of a large opening – on the patient’s body. This procedure is fast gaining popularity across various hospitals and clinics throughout the globe, owing to benefits such as reduced bleeding, shorter length of hospitalization, low cost, and fewer medical complications. Fiber optics are flexible, light and can be placed in space-restricted environments such as instrument catheters for highly localized measurements and are ideal for MIS. This is expected to increase global demand for fiber optics in MIS during the assessment period.

In 2015, the global medical fiber optics market was valued at US$ 916.8 Mn. By 2024, the global medical fiber optics market is expected to reach a market valuation of US$ 1,544.7 Mn, growing at a CAGR of 6.1%. The global medical fiber optics market is estimated to create absolute dollar opportunity of US$ 63.5 Mn in 2017 over 2016.